Instead, it will competently manage properties in its portfolio.

The acquisition is being made through Tiara Land Pte Ltd, an indirect 50% associate company. The vendor is National Aerated Water Company Ltd.

With land getting scarce on Penang island, a tract in George Town that is as big as two Olympic-sized swimming pools could fetch its owners as much as RM37 million.

Penang Gerakan Youth assistant secretary, Loh Kit Mun said the Penang government had promised to restore and transform the buildings to house traditional trades and the creative industry by year-end.

The negative trend in the property sector continues as the third quarter of 2016 registered a decline of 8.45% and 6.34% drop quarter-on-quarter in volume and value respectively, according to National Property Information Centre (Napic) data for 3Q2016.

MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust said it is open to acquiring new assets in the future and will look into the potential of injecting Menara Celcom in Petaling Jaya from one of its sponsors, Malaysian Resources Corp Bhd.

This decision followed protests from residents of Taman Weng Lock who were concerned about potential landslides occurring as a result of the project.

Lodha UK, the British development subsidiary of India’s Lodha Group, exhibited its new London apartments — Lincoln Square — in Kuala Lumpur at the weekend (Nov 26 and 27).

Najib: We will be signing the agreement next week, I think. He [Lee] is coming to Kuala Lumpur.

It offers 12,600 sq ft of fully-furnished workspaces that uses MAM for its daily operations, such as office space check-in and check-out, meeting room bookings, front desk services, meeting invitations, and payments.